Results 1 to 5 of 5

Thread: Suisse gold better?

  1. #1
    Senior Member Butrcup98's Avatar
    Joined
    Sep 2008
    Posts
    148
    Thanks
    0
    Thanked 3 Times in 3 Posts

    Default Suisse gold better?

    I've been checking ebay for gold coins/bars and I've noticed that gold from certain countries sell for more than others. Example: Suisse and some US gold is selling for more than $1K p/ ounce, but gold from Mexico and Australia is less. I saw a 1ounce gold bar US Mint from from ? years ago that I could have bought for less than $900. It was packaged and said .999 gold and troy ounce.

    So, my question is: In the end, isn't 1 ounce of gold worth the same no matter what country it came from?

  2. #2
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Suisse gold better?

    ^^^ in theory yes the price of all gold should be the same regardless of it's origin. However, when dealing with an entity like EBay, one has to question whether the gold they are buying from an unknown foreign source is 99.999 pure gold, or something that 'looks like' pure gold !

    While the packaged and sealed gold bars from Credit Suisse, Johnson Matthey etc. supposedly provide a guarantee that the bar contained within an unopened package is in fact the 'real CcCoy', when traded via EBay there is still the possibility of 'tampering' by the unknown seller.

  3. #3
    Senior Member Butrcup98's Avatar
    Joined
    Sep 2008
    Posts
    148
    Thanks
    0
    Thanked 3 Times in 3 Posts

    Default Re: Suisse gold better?

    So, why would the Suisse bars be selling for the same, if not more than the American bars?

  4. #4
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Suisse gold better?

    because on EBay somebody is apparently willing to pay a higher price. Also, the COMEX spot price of gold changes constantly.

  5. #5
    Senior Member Butrcup98's Avatar
    Joined
    Sep 2008
    Posts
    148
    Thanks
    0
    Thanked 3 Times in 3 Posts

    Default Re: Suisse gold better?

    Thanks

Similar Threads

  1. Streamate Gold "Club" (not gold shows)
    By TXCamgirl in forum Camming Connection
    Replies: 2
    Last Post: 11-27-2011, 10:14 PM
  2. SM gold
    By lilmisssunshine in forum Other Work
    Replies: 19
    Last Post: 07-19-2011, 02:26 PM
  3. SM Gold- Please help
    By LAChloe in forum Camming Connection
    Replies: 13
    Last Post: 06-29-2011, 11:56 AM
  4. Replies: 1
    Last Post: 05-05-2011, 04:52 PM
  5. How high will gold go?
    By Chicagoeditor in forum Dollar Den
    Replies: 28
    Last Post: 05-05-2008, 01:03 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •